Income Statement Cutix Plc

Stocks

CUTIX

NGCUTIX00002

Electrical Components & Equipment

End-of-day quote Nigerian S.E. Other stock markets 2026-07-09			5-day change	1st Jan Change
2.820 ^NGN	+0.71%		-1.05%	-9.03%

05-29	Cutix Plc Reports Earnings Results for the Fourth Quarter and Full Year Ended April 30, 2026	CI
04-10	Cutix expects Q1 rev 3.76 bln naira, operating PBT 315.5 mln naira	RE

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Published financial data: CUTIX PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2021	2022	2023	2024	2025
Revenues	6.75B	7.87B	9.25B	12.18B	15.77B
Total Revenues	6.75B	7.87B	9.25B	12.18B	15.77B
Cost of Goods Sold, Total	5.02B	5.78B	6.98B	9.09B	12.6B
Gross Profit	1.73B	2.09B	2.27B	3.09B	3.18B
Selling General & Admin Expenses, Total	706M	803M	973M	1.25B	1.62B
Other Operating Expenses, Total	706M	803M	973M	1.25B	1.62B
Operating Income	1.02B	1.29B	1.29B	1.84B	1.56B
Interest Expense, Total	-173M	-214M	-182M	-342M	-440M
Net Interest Expenses	-173M	-214M	-182M	-342M	-440M
Currency Exchange Gains (Loss)	11.8M	-4.13M	3.12M	-8.14M	20.14M
Other Non Operating Income (Expenses)	49.95M	85.13M	68.15M	131M	471M
EBT, Excl. Unusual Items	912M	1.16B	1.18B	1.62B	1.61B
Gain (Loss) On Sale Of Assets	-12.42M	2.15M	8.44M	-	-
EBT, Incl. Unusual Items	900M	1.16B	1.19B	1.62B	1.61B
Income Tax Expense	306M	371M	402M	554M	578M
Earnings From Continuing Operations	594M	786M	790M	1.07B	1.03B
Net Income to Company	594M	786M	790M	1.07B	1.03B
Net Income - (IS)	594M	786M	790M	1.07B	1.03B
Net Income to Common Incl Extra Items	594M	786M	790M	1.07B	1.03B
Net Income to Common Excl. Extra Items	594M	786M	790M	1.07B	1.03B
Per Share Items
Net EPS - Basic	0.08	0.11	0.11	0.15	0.15
Basic EPS - Continuing Operations	0.08	0.11	0.11	0.15	0.15
Basic Weighted Average Shares Outstanding	7.05B	7.05B	7.05B	7.05B	7.05B
Net EPS - Diluted	0.08	0.11	0.11	0.15	0.15
Diluted EPS - Continuing Operations	0.08	0.11	0.11	0.15	0.15
Diluted Weighted Average Shares Outstanding	7.05B	7.05B	7.05B	7.05B	7.05B
Normalized Basic EPS	0.08	0.1	0.1	0.14	0.14
Normalized Diluted EPS	0.08	0.1	0.1	0.14	0.14
Dividend Per Share	0.04	0.05	0.06	0.08	0.1
Payout Ratio	37.06	33.6	44.59	39.69	51.21
Supplemental Items
EBITDA	1.21B	1.48B	1.53B	1.99B	1.75B
EBITA	1.02B	1.29B	1.29B	1.84B	1.56B
EBIT	1.02B	1.29B	1.29B	1.84B	1.56B
Effective Tax Rate - (Ratio)	33.98	32.08	33.7	34.22	35.89
Current Domestic Taxes	-	324M	-	467M	483M
Total Current Taxes	268M	324M	344M	467M	483M
Deferred Domestic Taxes	-	13.42M	-	40.82M	40.82M
Total Deferred Taxes	15.86M	13.42M	21.65M	40.82M	40.82M
Normalized Net Income	570M	722M	739M	1.01B	1.01B
Interest on Long-Term Debt	64.23M	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	18.97M	74.29M	65.73M	148M	165M
Selling and Marketing Expenses	132M	164M	137M	194M	261M
General and Administrative Expenses	574M	639M	836M	1.06B	1.36B
Research And Development Expense From Footnotes	1.97M	900K	1.53M	98K	10.66M
Maintenance & Repair Expenses, Total	8.25M	19.11M	19.46M	18.54M	44.58M

Fiscal Period: April	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	111M	125M	122M	251M	141M
Total Cash And Short Term Investments	111M	125M	122M	251M	141M
Accounts Receivable, Total	60.12M	260M	227M	91.27M	356M
Other Receivables	61.29M	34.09M	22.44M	16.4M	16.84M
Total Receivables	121M	294M	249M	108M	372M
Inventory	2.43B	2.75B	2.98B	3.54B	4.76B
Prepaid Expenses	15.31M	12.35M	53.62M	44.84M	34.5M
Other Current Assets, Total	1.11B	872M	1.3B	2B	863M
Total Current Assets	3.79B	4.06B	4.71B	5.95B	6.17B
Gross Property Plant And Equipment	2.24B	2.48B	2.73B	3.09B	4.42B
Accumulated Depreciation	-1.24B	-1.43B	-1.64B	-1.75B	-1.91B
Net Property Plant And Equipment	997M	1.05B	1.09B	1.34B	2.52B
Goodwill	0	-	-	-	-
Other Intangibles, Total	4.55M	3.04M	1.52M	-	-
Other Long-Term Assets, Total	3.67M	1.09M	37.12M	3.6M	2.3M
Total Assets	4.79B	5.12B	5.84B	7.29B	8.69B
Liabilities
Accounts Payable, Total	132M	348M	340M	407M	758M
Accrued Expenses, Total	448M	311M	368M	665M	551M
Short-term Borrowings	1.25B	1.1B	1.3B	878M	1.78B
Current Portion of Long-Term Debt	210M	-	-	337M	337M
Current Income Taxes Payable	290M	370M	380M	493M	523M
Other Current Liabilities	21M	64.2M	46.32M	34.23M	119M
Total Current Liabilities	2.35B	2.2B	2.44B	2.81B	4.07B
Long-Term Debt	81.84M	-	-	393M	56.11M
Deferred Tax Liability Non Current	201M	214M	236M	277M	318M
Other Non Current Liabilities	-1K	-1K	-	1K	2K
Total Liabilities	2.64B	2.41B	2.67B	3.48B	4.44B
Common Stock, Total	881M	1.76B	1.76B	1.76B	3.52B
Retained Earnings	1.28B	943M	1.41B	2.04B	730M
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	2.16B	2.7B	3.17B	3.81B	4.25B
Total Equity	2.16B	2.7B	3.17B	3.81B	4.25B
Total Liabilities And Equity	4.79B	5.12B	5.84B	7.29B	8.69B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.05B	7.05B	7.05B	7.05B	7.05B
ECS Total Common Shares Outstanding	7.05B	7.05B	7.05B	7.05B	7.05B
Book Value / Share	0.31	0.38	0.45	0.54	0.6
Tangible Book Value	2.15B	2.7B	3.17B	3.81B	4.25B
Tangible Book Value Per Share	0.31	0.38	0.45	0.54	0.6
Total Debt	1.54B	1.1B	1.3B	1.61B	2.17B
Net Debt	1.43B	980M	1.18B	1.36B	2.03B
Account Code - Inventory Valuation	3	6	3	3	6
Inventories - Raw Materials, Total	445M	638M	629M	582M	1.26B
Inventories - Work In Process, Total	459M	489M	453M	486M	662M
Inventories - Finished Goods, Total	1.31B	1.4B	1.66B	2.23B	2.47B
Inventories - Others	223M	224M	243M	246M	364M
Land - (BS)	205M	205M	205M	205M	205M
Buildings, Total	461M	467M	576M	576M	576M
Machinery, Total	1.54B	1.76B	1.89B	2.2B	2.26B
Full Time Employees	236	245	258	244	294

Fiscal Period: April	2021	2022	2023	2024	2025
Net Income	594M	786M	790M	1.07B	1.03B
Depreciation & Amortization - CF	187M	193M	236M	150M	190M
Depreciation & Amortization, Total	187M	193M	236M	150M	190M
Amortization of Deferred Charges, Total - (CF)	1.52M	1.52M	1.52M	1.52M	-
(Gain) Loss From Sale Of Asset	12.42M	-2.15M	-	-	-
Other Operating Activities, Total	206M	343M	214M	496M	511M
Change In Accounts Receivable	-483M	61.56M	-387M	-557M	875M
Change In Inventories	-650M	-321M	-251M	-558M	-1.22B
Change In Accounts Payable	337M	123M	-5.94M	352M	267M
Change in Other Net Operating Assets	94.43M	5.53M	-77.29M	42.3M	10.34M
Cash from Operations	299M	1.19B	520M	992M	1.66B
Capital Expenditure	-252M	-251M	-272M	-397M	-1.37B
Sale of Property, Plant, and Equipment	2.26M	2.24M	8.44M	-	-
Cash Acquisitions	-187M	-35.85M	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Other Investing Activities, Total	1K	-	1K	-	-
Cash from Investing	-438M	-284M	-263M	-397M	-1.37B
Short Term Debt Issued, Total	693M	-	250M	-	899M
Long-Term Debt Issued, Total	-	-	-	393M	-
Total Debt Issued	693M	-	250M	393M	899M
Short Term Debt Repaid, Total	-	-359M	-	-88.85M	-
Long-Term Debt Repaid, Total	-246M	-81.84M	-	-	-337M
Total Debt Repaid	-246M	-441M	-	-88.85M	-337M
Common Dividends Paid	-220M	-264M	-352M	-423M	-528M
Common & Preferred Stock Dividends Paid	-220M	-264M	-352M	-423M	-528M
Other Financing Activities, Total	-146M	-187M	-156M	-348M	-440M
Cash from Financing	81.46M	-892M	-259M	-466M	-406M
Miscellaneous Cash Flow Adjustments	-1K	-	-8K	-	-
Net Change in Cash	-57.04M	14.06M	-2.21M	128M	-110M
Supplemental Items
Cash Interest Paid	173M	214M	182M	342M	440M
Cash Income Tax Paid (Refund)	260M	290M	350M	367M	479M
Levered Free Cash Flow	-257M	562M	18.72M	48.02M	-464M
Unlevered Free Cash Flow	-148M	695M	133M	262M	-188M
Change In Net Working Capital	725M	53.7M	642M	641M	-15.6M
Net Debt Issued / Repaid	448M	-441M	250M	304M	562M

Fiscal Period: April	2021	2022	2023	2024	2025
Profitability
Return on Assets	15.2	16.25	14.76	17.5	12.19
Return on Total Capital	19.36	21.44	19.6	23.25	16.46
Return On Equity %	29.99	32.36	26.9	30.55	25.61
Return on Common Equity	29.99	32.36	26.9	30.55	25.61
Margin Analysis
Gross Profit Margin %	25.62	26.57	24.51	25.37	20.14
SG&A Margin	10.45	10.2	10.52	10.28	10.26
EBITDA Margin %	17.94	18.83	16.54	16.32	11.08
EBITA Margin %	15.17	16.37	13.99	15.1	9.88
EBIT Margin %	15.17	16.37	13.99	15.1	9.88
Income From Continuing Operations Margin %	8.8	9.99	8.54	8.75	6.54
Net Income Margin %	8.8	9.99	8.54	8.75	6.54
Net Avail. For Common Margin %	8.8	9.99	8.54	8.75	6.54
Normalized Net Income Margin	8.45	9.18	8	8.31	6.38
Levered Free Cash Flow Margin	-3.8	7.14	0.2	0.39	-2.94
Unlevered Free Cash Flow Margin	-2.2	8.84	1.43	2.15	-1.19
Asset Turnover
Asset Turnover	1.6	1.59	1.69	1.85	1.97
Fixed Assets Turnover	7.46	7.67	8.62	10.03	8.19
Receivables Turnover (Average Receivables)	31.48	49.13	37.97	76.55	70.61
Inventory Turnover (Average Inventory)	2.38	2.23	2.43	2.79	3.03
Short Term Liquidity
Current Ratio	1.61	1.85	1.93	2.11	1.52
Quick Ratio	0.1	0.19	0.15	0.13	0.13
Operating Cash Flow to Current Liabilities	0.13	0.54	0.21	0.35	0.41
Days Sales Outstanding (Average Receivables)	11.59	7.43	9.61	4.78	5.17
Days Outstanding Inventory (Average Inventory)	153.27	163.88	150	131.38	120.31
Average Days Payable Outstanding	6.63	14.36	17.43	14.19	15.39
Cash Conversion Cycle (Average Days)	158.23	156.95	142.18	121.98	110.09
Long Term Solvency
Total Debt/Equity	71.66	40.83	41.14	42.24	51.01
Total Debt / Total Capital	41.75	28.99	29.15	29.7	33.78
LT Debt/Equity	3.8	-	-	10.32	1.32
Long-Term Debt / Total Capital	2.21	-	-	7.26	0.87
Total Liabilities / Total Assets	55.01	47.14	45.77	47.8	51.07
EBIT / Interest Expense	5.91	6.03	7.1	5.37	3.54
EBITDA / Interest Expense	6.99	6.93	8.4	5.81	3.97
(EBITDA - Capex) / Interest Expense	5.53	5.76	6.9	4.65	0.86
Total Debt / EBITDA	1.28	0.75	0.85	0.81	1.24
Net Debt / EBITDA	1.18	0.66	0.77	0.68	1.16
Total Debt / (EBITDA - Capex)	1.61	0.9	1.04	1.01	5.7
Net Debt / (EBITDA - Capex)	1.5	0.8	0.94	0.85	5.33
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	34.31	16.56	17.54	31.68	29.52
Gross Profit, 1 Yr. Growth %	20.96	21.45	7.56	36.31	2.81
EBITDA, 1 Yr. Growth %	42.35	22.35	3.27	29.95	-12.08
EBITA, 1 Yr. Growth %	46.86	25.84	0.45	42.07	-15.24
EBIT, 1 Yr. Growth %	46.86	25.84	0.45	42.07	-15.24
Earnings From Cont. Operations, 1 Yr. Growth %	51.13	32.37	0.47	34.84	-3.13
Net Income, 1 Yr. Growth %	51.13	32.37	0.47	34.84	-3.13
Normalized Net Income, 1 Yr. Growth %	55.84	26.66	2.39	36.86	-1.1
Diluted EPS Before Extra, 1 Yr. Growth %	51.13	32.37	0.47	34.84	-3.13
Accounts Receivable, 1 Yr. Growth %	-83.69	332.79	-12.79	-59.78	289.53
Inventory, 1 Yr. Growth %	36.48	13.18	8.32	18.69	34.49
Net Property, Plant and Equip., 1 Yr. Growth %	22.63	5.78	3.41	22.67	88.03
Total Assets, 1 Yr. Growth %	32.09	6.76	14.19	24.77	19.25
Tangible Book Value, 1 Yr. Growth %	19.54	25.58	17.21	20.17	11.77
Common Equity, 1 Yr. Growth %	19.39	25.45	17.14	20.11	11.77
Cash From Operations, 1 Yr. Growth %	231.75	298.21	-55.95	90.67	67.81
Capital Expenditures, 1 Yr. Growth %	172.5	-0.55	8.29	46.05	244.64
Levered Free Cash Flow, 1 Yr. Growth %	47.55	-318.83	-96.81	156.59	-1.07K
Unlevered Free Cash Flow, 1 Yr. Growth %	88.96	-568.42	-81.61	97.54	-171.92
Dividend Per Share, 1 Yr. Growth %	19.81	33.33	20	25	33.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.45	25.12	17.05	24.41	30.6
Gross Profit, 2 Yr. CAGR %	3.32	20.93	14.76	21.08	18.38
EBITDA, 2 Yr. CAGR %	13.48	31.97	12.41	15.84	6.89
EBITA, 2 Yr. CAGR %	15.11	35.95	12.43	19.46	9.73
EBIT, 2 Yr. CAGR %	15.11	35.95	12.43	19.46	9.73
Earnings From Cont. Operations, 2 Yr. CAGR %	11.59	41.44	15.32	16.39	14.29
Net Income, 2 Yr. CAGR %	11.59	41.44	15.32	16.39	14.29
Normalized Net Income, 2 Yr. CAGR %	13.83	40.49	13.88	18.38	16.64
Diluted EPS Before Extra, 2 Yr. CAGR %	11.59	41.44	15.32	16.39	14.29
Accounts Receivable, 2 Yr. CAGR %	-25.91	-15.99	94.28	-40.77	25.17
Inventory, 2 Yr. CAGR %	24.11	24.29	10.73	13.39	26.35
Net Property, Plant and Equip., 2 Yr. CAGR %	6.8	13.89	4.59	12.63	51.87
Total Assets, 2 Yr. CAGR %	29.41	18.75	10.41	19.36	21.97
Tangible Book Value, 2 Yr. CAGR %	15.48	22.52	21.32	18.68	15.89
Common Equity, 2 Yr. CAGR %	15.6	22.38	21.22	18.61	15.86
Cash From Operations, 2 Yr. CAGR %	-16.36	263.47	31.88	-8.36	78.88
Capital Expenditures, 2 Yr. CAGR %	11.66	64.62	3.78	25.76	124.35
Levered Free Cash Flow, 2 Yr. CAGR %	321.84	79.69	-73	-71.41	397.66
Unlevered Free Cash Flow, 2 Yr. CAGR %	35.02	197.51	-5.48	-39.73	19.19
Dividend Per Share, 2 Yr. CAGR %	9.46	26.39	26.49	22.47	29.1
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	10.1	13.13	22.54	21.74	26.09
Gross Profit, 3 Yr. CAGR %	5.03	8.87	16.61	21.53	14.66
EBITDA, 3 Yr. CAGR %	10.56	16.36	21.61	17.97	5.67
EBITA, 3 Yr. CAGR %	10.19	18.58	22.9	21.55	6.55
EBIT, 3 Yr. CAGR %	10.19	18.58	22.9	21.55	6.55
Earnings From Cont. Operations, 3 Yr. CAGR %	10.5	18.12	26.2	21.49	9.48
Net Income, 3 Yr. CAGR %	10.5	18.12	26.2	21.49	9.48
Normalized Net Income, 3 Yr. CAGR %	11.46	17.96	26.43	21.08	11.68
Diluted EPS Before Extra, 3 Yr. CAGR %	10.5	18.12	26.2	21.49	9.48
Accounts Receivable, 3 Yr. CAGR %	0.97	33.43	-14.94	14.93	10.96
Inventory, 3 Yr. CAGR %	22.68	20.36	18.72	13.32	20.03
Net Property, Plant and Equip., 3 Yr. CAGR %	4.69	6.46	10.28	10.3	33.61
Total Assets, 3 Yr. CAGR %	19.1	21.37	17.21	15	19.32
Tangible Book Value, 3 Yr. CAGR %	18.3	18.75	20.73	20.94	16.33
Common Equity, 3 Yr. CAGR %	18.39	18.8	20.61	20.85	16.29
Cash From Operations, 3 Yr. CAGR %	-21.13	40.71	79.36	49.12	12.12
Capital Expenditures, 3 Yr. CAGR %	3.07	7.43	43.17	16.3	75.99
Levered Free Cash Flow, 3 Yr. CAGR %	12.95	238.95	-52.44	-42.8	-7.59
Unlevered Free Cash Flow, 3 Yr. CAGR %	-17.47	104.4	19.07	20.85	-36.07
Dividend Per Share, 3 Yr. CAGR %	14.47	16.9	24.22	25.99	25.99
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	18.94	16.44	12.83	17.51	25.7
Gross Profit, 5 Yr. CAGR %	18.72	15.76	8.71	13.78	17.31
EBITDA, 5 Yr. CAGR %	19.99	20.8	11.29	16.15	15.49
EBITA, 5 Yr. CAGR %	21.32	21.8	11.08	18.93	17.45
EBIT, 5 Yr. CAGR %	21.32	21.8	11.08	18.93	17.45
Earnings From Cont. Operations, 5 Yr. CAGR %	25.53	25.02	12.4	17.43	21.29
Net Income, 5 Yr. CAGR %	25.53	25.02	12.4	17.43	21.29
Normalized Net Income, 5 Yr. CAGR %	26.82	25.58	12.42	18.12	22.42
Diluted EPS Before Extra, 5 Yr. CAGR %	25.53	25.02	12.4	17.43	21.29
Accounts Receivable, 5 Yr. CAGR %	-6.1	18.5	31.19	-3.58	-0.73
Inventory, 5 Yr. CAGR %	37.9	20.08	17.75	17.52	21.71
Net Property, Plant and Equip., 5 Yr. CAGR %	4.01	6.51	4.65	8.88	25.34
Total Assets, 5 Yr. CAGR %	20.43	17.04	15.55	20.56	19.09
Tangible Book Value, 5 Yr. CAGR %	19.84	21.65	19.5	18.72	18.77
Common Equity, 5 Yr. CAGR %	19.89	21.68	19.51	18.72	18.69
Cash From Operations, 5 Yr. CAGR %	-14.25	44.34	-3.12	18.33	79.16
Capital Expenditures, 5 Yr. CAGR %	60.02	40.63	3.35	14.42	71.35
Levered Free Cash Flow, 5 Yr. CAGR %	-10.48	179.39	-36.28	27.2	21.66
Unlevered Free Cash Flow, 5 Yr. CAGR %	-22.53	57.08	-12.87	26.33	19.12
Dividend Per Share, 5 Yr. CAGR %	16.47	17.32	19.14	19.1	26.15